Clarks
Clarks: majority stake acquisition completed and new CEO named
The Hong Kong-based private equity firm LionRock Capital has completed its investment in Clarks. The deal, announced back in November, amounts to 100 million British pounds
CEO Giorgio Presca exits Clarks
According to several reports on the news, the CEO of Clarks has reportedly left the business. Other members of the company’s executive team are allegedly leaving as well
Li Ning’s unit Viva China to acquire majority stake at Clarks
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman
Clarks to close 50 stores
Clarks is expected to go ahead with a Company Voluntary Arrangement (CVA) which can result in the closure of several of its shops in order to secure a capital injection from Hong Kong-based private equity firm LionRock, Sky News reported
Clarks considers permanently closing stores
The UK-based footwear retailer is preparing for the permanent closure of some of its stores and asked bankers to advise on options available for the strategic move
Clarks calls in McKinsey to conduct business review
British footwear retailer Clarks has called in consultants from McKinsey & Co to conduct a review of the business and assess its options amid difficult trading
Clarks widen losses
The UK-based footwear brand announced yearly results for the period ended on the 2nd of February. Clarks reported a loss after tax of 82.9 million British pounds
Clarks brings shoemaking to its hometown
The UK-based footwear company announced it will open a new manufacturing unit at its headquarters in Somerset, creating up to 80 jobs in the process
Clarks profits with deep dive
The UK-based footwear brand posted a 43% decline in profits in the last financial year. A boost in sales (+8%) wasn’t enough to save the year’s performance- 1
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